Crypto analyst Levi Rietveld has made an intriguing prediction, suggesting that XRP could potentially reach $100, taking cues from statements made by MicroStrategy chairman Michael Saylor. Rietveld’s analysis aligns XRP’s potential with Saylor’s optimistic outlook for Bitcoin in the coming decades. Saylor notably surprised the crypto community with his forecast of Bitcoin reaching $13 million.
Saylor’s argument is that Bitcoin has the potential to account for 7% of the world’s capital due to its advantages as a global, non-sovereign asset that is immune to the risks associated with government currencies. He believes that over the next 21 years, Bitcoin could reach $13 million per token, with its growth rate eventually stabilizing to provide returns comparable to the S&P 500, plus an additional 8%.
Rietveld has been captivated by the potential ripple effect Saylor’s projection could have on other digital assets, particularly XRP. In Rietveld’s recent analysis, he posited that if Bitcoin were to achieve a multi-trillion-dollar market cap, it would naturally lead to a surge in XRP as well. The analyst noted that XRP fills a unique niche by providing liquidity and addressing market gaps that Bitcoin does not, making it an essential asset in the broader crypto landscape.
Currently, XRP is trading around $0.580. However, Rietveld believes that if Bitcoin were to reach Saylor’s target of $13 million, XRP could potentially reach $100. This implies an increase of over 200-fold for Bitcoin to reach the $13 million mark, resulting in a market share of $273 trillion. With XRP being one of the top-ranked assets alongside Bitcoin, Rietveld believes that XRP stands to benefit significantly from Bitcoin’s projected 20,300% growth. Taking this percentage increase into account, it would place the value of XRP at over $118.
It should be noted that Saylor’s prediction of Bitcoin reaching $13 million is a long-term outlook, with the projected timeframe set for 2045. However, some analysts within the XRP community speculate that XRP could surpass $100 in a much shorter time frame, possibly as early as next year. This suggests that, based on the optimistic projections of XRP proponents, by the time Bitcoin reaches $13 million in 2045, XRP could potentially be worth significantly more than $100.